AOL Inc. Buyback
OLI recorded this information on 7/8/2013
AOL Inc. (NYSE:AOL) announced today that its Board of Directors authorized an additional $150 million share repurchase authorization. Year-to-date, AOL has repurchased 1.4 million shares of common stock at an average price of $35.65, or $50 million in aggregate, bringing AOL's total current available authorization to $200 million. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions, the trading price of the stock and other factors. The repurchases may be made over the next 12 months on the open market, in block trades or otherwise, and may include derivative transactions. The repurchase program may be suspended or discontinued at any time.
AOL is a media and technology company with digital brands, products and services that it provides to consumers, advertisers, publishers and subscribers. Co. provides digital content, products and services and advertising services on both its owned and operated properties and third-party websites. Co. has three reportable segments: The Brand Group, which includes AOL.com, The Huffington Post, TechCrunch and MapQuest; The Membership Group, which allow Co.'s consumers to have access to content from brands, communication tools and services; and AOL Networks, which includes Advertising.com, AdLearn Open Platform, Adap.tv, Marketplace by ADTECH, The AOL On Network, Be On, ADTECH and Pictela.
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Hold (1.64 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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